Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$254,325$254,325$418,491
Remaining term (yrs)23.623.630.0
Secondary amount$0$164,166$0
Funding fee$0$0$0
Note rate3.26%3.26%7.18%
Blended rate4.11%5.636%7.42%
1st payment$1,283.12$1,283.12$2,835.00
2nd payment$0.00$1,094.44$0.00
Taxes / mo$115.33$115.33$115.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.58$208.58$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,773.70$2,868.13$3,200.70
Cash to close$210,665$46,499$46,499